Are Analysts Bullish CarMax, Inc. (NYSE:KMX) After Last Week?

June 21, 2018 - By Marie Mckinney

CarMax, Inc. (NYSE:KMX) LogoInvestors sentiment decreased to 0.89 in 2018 Q1. Its down 0.15, from 1.04 in 2017Q4. It turned negative, as 53 investors sold CarMax, Inc. shares while 148 reduced holdings. 54 funds opened positions while 124 raised stakes. 166.76 million shares or 4.50% less from 174.62 million shares in 2017Q4 were reported.
Sumitomo Mitsui Asset Limited has 0.01% invested in CarMax, Inc. (NYSE:KMX). State Of Alaska Department Of Revenue invested in 34,220 shares or 0.04% of the stock. New York-based Tourbillon Prtn L P has invested 1.11% in CarMax, Inc. (NYSE:KMX). North Carolina-based Captrust Financial Advisors has invested 0.01% in CarMax, Inc. (NYSE:KMX). 7,287 were accumulated by Amica Mutual Ins. Zeke Cap Advisors Limited Liability Company has 0.03% invested in CarMax, Inc. (NYSE:KMX). 35,441 are owned by Bnp Paribas Arbitrage. Cornerstone Advsr Incorporated reported 0.1% in CarMax, Inc. (NYSE:KMX). Kentucky Retirement Insur Trust Fund reported 0.05% of its portfolio in CarMax, Inc. (NYSE:KMX). Brinker Cap owns 36,578 shares. Smithfield Tru holds 0.01% of its portfolio in CarMax, Inc. (NYSE:KMX) for 1,874 shares. Thompson Siegel & Walmsley Limited Liability Corporation reported 0.01% stake. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 36,482 shares or 0.02% of the stock. Brown Advisory Ltd Liability holds 6,750 shares. The Missouri-based First Allied Advisory has invested 0.03% in CarMax, Inc. (NYSE:KMX).

Since December 29, 2017, it had 2 buys, and 9 sales for $10.94 million activity. $310,600 worth of CarMax, Inc. (NYSE:KMX) shares were bought by Bensen Peter J. $217,767 worth of stock was sold by GOODMAN SHIRA on Wednesday, April 11. 6,584 shares valued at $478,064 were sold by Newberry Darren C on Tuesday, January 16. Another trade for 50,583 shares valued at $3.07M was sold by FOLLIARD THOMAS J. The insider Wood William C Jr. sold 49,714 shares worth $3.13 million. GRAFTON W ROBERT had bought 35 shares worth $2,280.

CarMax, Inc. (NYSE:KMX) Ratings Coverage

Among 9 analysts covering CarMax (NYSE:KMX), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. CarMax had 13 analyst reports since December 22, 2017 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Buy” on Monday, March 12. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, April 4. Susquehanna maintained it with “Hold” rating and $68.0 target in Friday, December 22 report. Buckingham Research upgraded CarMax, Inc. (NYSE:KMX) on Thursday, April 5 to “Buy” rating. The stock of CarMax, Inc. (NYSE:KMX) earned “Buy” rating by Guggenheim on Monday, April 16. RBC Capital Markets maintained CarMax, Inc. (NYSE:KMX) on Monday, February 12 with “Buy” rating. The firm has “Hold” rating by Deutsche Bank given on Thursday, April 5. Oppenheimer maintained it with “Buy” rating and $88.0 target in Wednesday, February 7 report. The firm earned “Buy” rating on Thursday, January 18 by Oppenheimer. The rating was maintained by Credit Suisse on Friday, April 6 with “Outperform”. Below is a list of CarMax, Inc. (NYSE:KMX) latest ratings and price target changes.

29/05/2018 Broker: Wedbush Rating: Buy New Target: $75.0000 Maintain
16/04/2018 Broker: Guggenheim Rating: Buy New Target: $72.0000 Initiate
04/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $74.0000 Maintain
06/04/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $78 New Target: $76 Maintain
05/04/2018 Broker: Buckingham Research Old Rating: Neutral New Rating: Buy Old Target: $75 Upgrade
05/04/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $76 New Target: $63 Maintain
12/03/2018 Broker: Oppenheimer Rating: Buy New Target: $88.0 Maintain
12/02/2018 Broker: RBC Capital Markets Rating: Buy New Target: $78.0 Maintain
07/02/2018 Broker: Oppenheimer Rating: Buy New Target: $88.0 Maintain
18/01/2018 Broker: Oppenheimer Rating: Buy New Target: $88.0 Upgrade

The stock decreased 2.36% or $1.72 during the last trading session, reaching $71.05. About 2.91 million shares traded or 62.27% up from the average. CarMax, Inc. (NYSE:KMX) has risen 4.00% since June 21, 2017 and is uptrending. It has underperformed by 8.57% the S&P500.

CarMax Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company has market cap of $12.65 billion. The firm operates in two divisions, CarMax Sales Operations and CarMax Auto Finance. It has a 19.74 P/E ratio. It offers clients a range of makes and models of used vehicles, including domestic and imported vehicles; sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and provides extended protection plans to clients at the time of sale.

More news for CarMax, Inc. (NYSE:KMX) were recently published by: Seekingalpha.com, which released: “CarMax: Buy The Strength” on May 30, 2018. Streetinsider.com‘s article titled: “CarMax (KMX) June weekly option implied volatility elevated into Q1 and outlook” and published on June 21, 2018 is yet another important article.

CarMax, Inc. (NYSE:KMX) Institutional Positions Chart

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